These are products of the interaction of various forces,trends,and events that are outside the control of the small business.

Question

Quizplus · Accepted Answer

Opportunities and threats are external factors that affect small businesses and are beyond their control. They arise from factors such as changes in the economy, political environment, technological advancements, and social-cultural factors. Identifying and managing these opportunities and threats is crucial for the survival and success of small businesses. Distinctive competencies and key success factors are internal factors that a small business can control, while strengths and weaknesses can be both internal and external factors.

These Are Products of the Interaction of Various Forces,trends,and Events